Cwm LLC Has $46,000 Stake in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Cwm LLC boosted its stake in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 115.6% in the second quarter, HoldingsChannel reports. The firm owned 817 shares of the auto parts company’s stock after acquiring an additional 438 shares during the period. Cwm LLC’s holdings in Allison Transmission were worth $46,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. ICA Group Wealth Management LLC bought a new position in shares of Allison Transmission during the fourth quarter worth $25,000. Signaturefd LLC grew its stake in Allison Transmission by 64.9% in the second quarter. Signaturefd LLC now owns 460 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 181 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Allison Transmission by 157.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the auto parts company’s stock valued at $51,000 after purchasing an additional 795 shares in the last quarter. Fred Alger Management LLC grew its position in shares of Allison Transmission by 100.9% in the 3rd quarter. Fred Alger Management LLC now owns 2,144 shares of the auto parts company’s stock valued at $72,000 after purchasing an additional 1,077 shares during the period. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in shares of Allison Transmission in the 1st quarter valued at approximately $73,000. Institutional investors and hedge funds own 96.57% of the company’s stock.

Allison Transmission Trading Up 1.8 %

Shares of NYSE:ALSN opened at $53.10 on Monday. The company’s 50-day moving average price is $57.38 and its two-hundred day moving average price is $55.52. Allison Transmission Holdings, Inc. has a one year low of $41.08 and a one year high of $61.53. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.41 and a quick ratio of 1.86. The stock has a market capitalization of $4.75 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of 1.08 and a beta of 0.97.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Monday, November 13th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.92 annualized dividend and a yield of 1.73%. Allison Transmission’s dividend payout ratio (DPR) is presently 13.05%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ALSN. Oppenheimer lifted their price target on shares of Allison Transmission from $53.00 to $67.00 in a research note on Friday, July 28th. Citigroup boosted their price objective on shares of Allison Transmission from $63.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, October 13th. JPMorgan Chase & Co. raised shares of Allison Transmission from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $63.00 to $70.00 in a research note on Monday, October 16th. The Goldman Sachs Group lifted their price target on Allison Transmission from $42.00 to $48.00 and gave the company a “sell” rating in a research note on Monday, July 31st. Finally, Credit Suisse Group upped their price objective on Allison Transmission from $49.00 to $57.00 in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $55.25.

Insider Buying and Selling at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $60.19, for a total transaction of $120,380.00. Following the sale, the senior vice president now owns 16,788 shares in the company, valued at approximately $1,010,469.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, VP Ryan A. Milburn sold 7,372 shares of Allison Transmission stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $59.15, for a total transaction of $436,053.80. Following the completion of the transaction, the vice president now owns 13,827 shares in the company, valued at $817,867.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $60.19, for a total value of $120,380.00. Following the completion of the sale, the senior vice president now owns 16,788 shares in the company, valued at approximately $1,010,469.72. The disclosure for this sale can be found here. Insiders sold a total of 14,322 shares of company stock worth $855,018 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical U.S. defense vehicles worldwide. The company offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.